Update:
Both my spouse and I were informed we are safe (we work for the same company). At least I don't have to worry about our income being impacted.
Two of the people I work closest with have told me they were cut. I'm hoping there aren't any more close to me, because I already don't know how we are going to manage without those two people.
Happy first full week of work after the holidays - to everyone still on the grind.
It's layoff week at my company. I have mixed feelings in that I'm far enough along that I wouldn't hate a funemployment break, but given I'm not quite at my number yet and the state of the tech market, I'd really hate to start burning through my savings. I just want to know which way the dice rolls for me because it's really hard to make plans for this next year when it's 50/50 if I'll have a job this year.
If you want it to be truly anonymous, make sure your neighbors don't have doorbell/security cameras first!
We shall see. My company is pending mass layoffs so I may not have a choice in the matter. As of now, I hope to just keep going as my company provides a decent work life balance (lots of PTO compared to basically every job posting I see)
With the recent market rally, my portfolio has finally reached the point where a 4% withdrawal rate would pay more than my first job after I graduated university. I could theoretically leanfire on that amount, though I'm planning a higher number due to lifestyle inflation since then.
Great analysis! I do some basic tax efficient placement, but don't overly worry about it. I keep my bond funds in my 401k, tradIRA, and HSA. Stock funds only in my Roth IRA and taxable. I do have some international stocks in my retirement accounts, but I do get a decent amount back in foreign tax credit due to my taxable holdings as well.
Company announced they will be doing mass layoffs soon. They said if anyone wants to volunteer for a retirement package to let them know. If only I was closer to my number...alas maybe next time (assuming I don't get involuntarily cut).
I don't do churning, mainly because I'm lazy. I do use tap to pay with my smartwatch and have to say it is so convenient. I love not having to pull out my wallet and cards to pay. I did have a little snafu when I first started using it. I went on vacation to Canada and the mobile card got incorrectly flagged as fraud, so it kept getting denied. I had to call when I got home and sort it out.
My problem is basically every job opening I see gives less PTO than my current role (5 weeks, plus the company is shutdown the week between Xmas and NYD).
It's open enrollment time here at the company and I was wondering if anyone is familiar with the HSA contribution limits.
Mainly, my spouse and I each are eligible for an individual HSA. However the combined maximum of 2 individual accounts is more than the family limit. My question: is our combined max the family limit or the combo of 2 individual limits? My benefits HR person said it's the individual limits, but I'm skeptical.
Reposting from last week, since I posted late in the week...
What percentage salary increase would it take for you to accept a new job, assuming you are happy with your current job?
Deciding to pay off the mortgage is a tricky decision, especially for those of us who locked in super low rates. I always assumed the best choice was to pay off the mortgage asap (long before I'd learned about FIRE), but with a 2% mortgage I'm inclined to never actually pay it off early. I have more money and flexibility by keeping my savings invested than if I dumped it into my mortgage.
If I had a higher rate (like 5%+), I think I'd be more inclined to agree with you. Though it'd have to be obscenely high rates for me to decide taking the tax hit of selling investments in order to pay off the house.